A. O. Smith Raises FY23 Outlook, Sees Sales Of $3.75B-$3.83B (Prior $3.68B-$3.83B) Vs. $3.78B Consensus; And Adjusted EPS Of $3.38-$3.53 (Prior $3.30-$3.50) Vs. $3.50 Consensus
Portfolio Pulse from Benzinga Newsdesk
A. O. Smith has raised its FY23 outlook, with sales expected to be between $3.75B and $3.83B, up from the previous estimate of $3.68B-$3.83B. The adjusted EPS is also expected to increase to $3.38-$3.53 from the previous $3.30-$3.50.
July 27, 2023 | 11:08 am
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A. O. Smith has raised its FY23 outlook, which could lead to a positive impact on its stock price.
A. O. Smith's raised FY23 outlook indicates expected growth in sales and earnings, which is generally a positive signal for investors and could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100